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tv   Business  Deutsche Welle  December 2, 2019 2:45pm-3:01pm CET

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climate summit cop $25.00 in madrid today world leaders there face pressure to prove the political will is still there to avert climate catastrophe an inevitable focus will be china where concern is growing that a slowing economy is leading to a resurgence in coal production. china is coal country it burns around half of all coal used globally every year that's part of the reason why it accounts for around 30 percent of global carbon emissions. but it's also the world's leading market for solar panels wind turbines and electric vehicles a paradox made possible by the monumental scale of china's energy demands. amid rapid economic growth over the last 2 decades chinese greenhouse gas emissions rose sharply but a government led war on pollution saw a decline in 20152016 however emissions are rising again and with chinese economic
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growth at its slowest rate in 25 years the government is reducing subsidies for a new bills and reviving its support for coal one u.s. based energy monitor estimates that china is planning to build new coal power plants with a capacity of $148.00 gigawatts that's equal to the entire coal capacity of the e.u. han chinese government pledges on a mission reductions that have become noticeably more watered down in recent times woman. we will on the one hand you continue to work hard how to addressing climate change. but on the other hand we are faced with multiple challenges for a developing economy that we must improve people's livelihoods and reduce poverty was also controlling pollution giuliani would tell them we have our pressures and challenges hardly but we will still do our best to fulfill the promises that we have made you look at the time look. even in traditional cold heavy regions such as
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xan g. in northern china solar panel installations became a feature in recent years. but it's still cold that's keeping their home fires burning and that doesn't look like changing anytime soon. and for more on this i'm joined now in studio by correspondent for taiwan william young william it's nice to actually have you in studio for once instead of seeing on the other side of the screen this report i find it fascinating 148 gigawatts of coal of electric producing power in these coal plants we heard how much that is i want to 1st ask though what does slowing growth in china mean for meeting its climate pledges how does that translate so actually the slowing economy means that the government has less leverage to actually find all of these like large scale energy programs so what they are actually trying to do is to end all of these large scale
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. energy program subsidies and then switch to actually either no subsidy or being a model so that they can actually have more leverage so i actually focus on the poor region in the country we talk about these coal plants this massive uptick in construction of coal plants one of the reasons behind that what is trying to say so china has made a really clear that its economy is actually putting a lot of pressure on the development that it's trying to chase down so in order to offer the amount of electricity that the whole country needs it actually needs to revive some of the coal power plants that are either suspended or even need more so the whole country will have equal access to the electricity that they actually need now when times were good in china the economy is going better did it make an effort to really build out renewables to maybe provide more electricity through renewables and sort of traditional methods like fossil fuels so it's actually debatable
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because in larger cities where the facilities are able to actually all for electricity through these renewable energies they're actually able to do that but in the report that we see in the poorer regions of the country the facilities at home are still very primitive so the connection between these renewable energy plans to households are actually lacking still so that's the challenge where it's limiting the ability for them to translate the renewable energy investment into the actual electricity. providing now as we know here in germany as well build out of these renewables bring them into the grid to the regular grid can be a challenge if you do these william young taiwan quote correspondent here in the studio for us thank you very much for having. american companies are rapidly losing their appetite for major investments in germany and that's at least according to a recent survey of 100 top u.s. companies currently doing business here only 2 years ago
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a survey of senior managers by consultancy k p m g suggested that 47 percent of those companies would be making investments of over $10000000.00 in germany over the next 3 years this year over the same survey suggests that only 24 percent plan on investments of that magnitude of germany's high marks for its logistics infrastructure are also dropping 2 years ago as many as 72 percent of the companies rated germany's infrastructure as tops in europe and today that's fallen to only 60 percent of managers sharing their view a complicated tax system high labor costs and a scarcity of skilled workers in europe's biggest economy are adding to that gloomy outlook according to the k p m g study. and i'm joined now by warren marine he's with us just of of k p m g which of course commissioned a study warning thank you for joining us you know this economy the us economy has been so good it's been booming as we've seen even as there's been
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a global slowdown would that not translate to more investment actually here in german properties. you would think so wouldn't you however we've seen clearly that the amount of foreign direct investment in germany is been on the decline since 2014 and that trend is continuing and as you mentioned in our survey the companies that we that we asked they clearly are pulling back their investment and focusing and more on core business as opposed to expanding existing existing businesses or making acquisitions. how much responsibility falls in the trade conflict that we've seen since last year. you know it's really hard to say how much is the responsibility of the trade conflict and clearly on both sides there is a. there is a reluctance to make additional investments and wait and see how things are going to pan out i'm not sure that we have information that they clearly says that that's
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the reason for it but i'm sure it's a factor. no one hold on i want to play a clip from frank sport of lara he's president of the american chamber of commerce in germany we talked with him earlier about this same issue and here's what he had to say. on the signals have been out there for a few years by the way american companies have been talking about the problems with digital infrastructure energy costs bureaucracy and interest in really one of the positives they always mentioned was political stability and now we can't even really talk about that anymore so there certainly is work that needs to be done and there's too much at stake to not take these kind of surveys seriously. though mr supporter laurie later clarified there that by political situation he means the rise of a right wing party that's been pretty successful here in germany do you believe that other american businesses are looking at that situation and seeing a little bit more instability and that there are any concerns over that you know i
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agree with everything that frank said i'm not i'm not really sure that political instability is a key reason why u.s. companies are looking or investing less i think there's a number of geo political issues that are that are that are contributing to that bore so than that and as frank mentioned the issue of if a structure decline in the backlog and if a structural projects that germany has been grappling with over the last few years is is of course a key factor as well all right we're marine with german financial services firm thank you very much for joining us. you're welcome. and the recent elections in hong kong showed widespread public support for the pro-democracy cause that's advocates winning almost 90 percent of the seats now specific industries are beginning to back at the instructions. they are in the central business district of hong kong advertising industry which has staged to rally on monday in solidarity with the protests against beijing the hundreds of
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advertises now a p.r. win when they see one and that's exactly what last week's elections were for the pro-democracy cause the workers a planning to strike this week and they want other industries to join them since june and since all those movements and protests the government since its new ignoring the sound of the majority of people so that's why for all of those in industry who want to take the 1st step was he pushed out of business to dissipate the strike to get more pressure from our pos it's been this high difficult to get industry to vote on a strike to get it so now we are thinking maybe we can see. the one who kicked off this thing. the advertisers chose a silent protest for their attempt to be heard in beijing well if anyone knows how to get a message across it's them. through some of the other global business stories making
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news swedish electronics maker ericsson says it has enough capacity to supply europe's 5 g. infrastructure ericsson manager frederick said europe would not fall behind if chinese firms like huawei were excluded from building high speed mobile networks to security concerns. of the outgoing governor of the bank of england mark carney will become un special envoy for climate action and finance in january for a position was last held by us democratic presidential hopeful and billionaire michael bloomberg carney will be paid $1.00 a year. unfortunately that's it for me in the business thanks for watching.
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for 4 degrees of global warming what difference does it make you show me. and we visit the 1st climate monitoring station in africa and explain why it's so important. to also examine how dangerous the melting permafrost is. and what mists are involved in geo engineering the climate in focus on. to keep going to minutes on. entering the conflict zone with tim sebastian. i'll be challenging those in power asking tough questions demanding. as conflicts intensify i'll be meeting with keep players on the ground in the sun zones of. cutting through the rhetoric holding the fossil to account facts the conflicts. conflict zone with tim sebastian on t.w. . welcome to the what is the game here for detail be sure i'm
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trying to talk about. the softball coverage. 3 more points. lol we have the but let's have a look at some of the governments around the league who still shaking in their food for the briefest of relief so you don't want. to just cut. t.w. . was the speech of his life perhaps his best certainly his most difficult chancellor helmut kohl addresses the people of east germany shortly after the fall of the wall. mercifully terming. journalist peter lim borg was at the scene. 30 years later looks back on the title of mr. stuart's december 19th w. .
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plague. the book play. this is news coming to you live from berlin the united nations climate summit opens in madrid. do we really want to be remembered as the generation of deaths but if you stand in the sands of people why does the brand of birds. that supports staying in. saving the earth but even. by 2015 says the united nations secretary-general until you have a tetanus.


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